Brewery stocks look attractive ahead of budget

CGS-CIMB Research's analysis of the monthly share price performances of Carlsberg and Heineken suggested that investors seek entry points into the shares.

PETALING JAYA: A hike in excise duty for beer in the upcoming budget is unlikely while historical trends suggest opportunities for entry into brewery stocks in the fourth quarter (4Q), says CGS-CIMB Research.

Its analysis of the monthly share price performances of Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd suggested that investors seek entry points into the shares.